LyondellBasell Industries N.V. $LYB Shares Purchased by swisspartners Advisors Ltd

swisspartners Advisors Ltd grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,113 shares of the specialty chemicals company’s stock after buying an additional 9,790 shares during the quarter. LyondellBasell Industries makes up 5.7% of swisspartners Advisors Ltd’s portfolio, making the stock its 10th largest position. swisspartners Advisors Ltd’s holdings in LyondellBasell Industries were worth $6,075,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd increased its stake in shares of LyondellBasell Industries by 91.7% in the second quarter. ANTIPODES PARTNERS Ltd now owns 209,619 shares of the specialty chemicals company’s stock valued at $12,129,000 after buying an additional 100,278 shares in the last quarter. Aviance Capital Partners LLC increased its stake in shares of LyondellBasell Industries by 3.3% in the second quarter. Aviance Capital Partners LLC now owns 36,126 shares of the specialty chemicals company’s stock valued at $2,090,000 after buying an additional 1,153 shares in the last quarter. Lifeworks Advisors LLC increased its stake in shares of LyondellBasell Industries by 1.0% in the second quarter. Lifeworks Advisors LLC now owns 57,184 shares of the specialty chemicals company’s stock valued at $3,309,000 after buying an additional 561 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of LyondellBasell Industries by 43.8% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,619 shares of the specialty chemicals company’s stock valued at $152,000 after buying an additional 798 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of LyondellBasell Industries by 3,167.2% in the second quarter. Hantz Financial Services Inc. now owns 3,790 shares of the specialty chemicals company’s stock valued at $219,000 after buying an additional 3,674 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the transaction, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $46.48 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 1 year low of $44.87 and a 1 year high of $88.79. The stock has a market cap of $14.95 billion, a P/E ratio of 60.37 and a beta of 0.87. The stock’s 50-day moving average price is $50.56 and its two-hundred day moving average price is $55.53.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the business earned $1.88 earnings per share. The company’s revenue was down 10.2% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were issued a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is 711.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Rothschild & Co Redburn lowered their target price on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Mizuho lowered their price objective on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Bank of America lowered their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Finally, Royal Bank Of Canada lowered their price objective on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $58.56.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.